Sr. Pedro Giménez is 62 years old, married, and has three children. All of his children are grown up and married. Pedro lives in a small house with his wife Maria, who is 58. Maria contributes to the household income by working as a seamstress; in addition, she works in the family store. The couple is also currently building an addition to their house for their youngest son and his wife.
In 2001, Pedro opened a small despensa, or convenience store, in addition to working as a construction contractor. His store primarily sells drinks and, due to local demand, has continuously grown over time. Pedro currently cooperates with a wholesale supplier to stock his store.
In addition to running his store, Pedro still works as a contractor. Also Pedro's son Reddy, who lives with his father, is a contractor - they work together every day on a variety of construction projects. During this time, Pedro’s wife Maria attends to the store.
Whenever times were difficult, Pedro managed to learn new skills in order to support his family. For example, he taught himself how to do electrical work and plumbing, and can therefore now offer a variety of services to his clients.
Pedro has asked for a loan of US$325 in order to expand the variety of stock in his shop. With the greater variety, he hopes to expand his business.
About Fundación Paraguaya
Fundación Paraguaya is a financially self-sustaining social enterprise that promotes entrepreneurship in urban and rural areas through microfinance, education programs, and more. Its focus on agriculture has helped many farmers boost their crop yields. And a number of other borrowers have taken out loans to start and grow social businesses that have helped deliver eyeglasses, medicines and other helpful services in their local communities.